10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001437749-13-005100 |
| Period End Date | 20130331 |
| Filing Date | 20130502 |
| Fiscal Year | 2013 |
| Fiscal Period | Q1 |
| XBRL Instance | gtn-20130331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
76 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for doubtful accounts (in Dollars) |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$2.23M | USD | Point-in-time |
| Allowance for doubtful accounts (in Dollars) |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$2.06M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$11.07M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$15.11M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$20.99M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$5.19M | USD | Point-in-time |
| Accounts receivable, less allowance for doubtful accounts of $2,226 and $2,064, respectively |
AccountsReceivableNetCurrent
|
$58.97M | USD | Point-in-time |
| Accounts receivable, less allowance for doubtful accounts of $2,226 and $2,064, respectively |
AccountsReceivableNetCurrent
|
$62.47M | USD | Point-in-time |
| Current portion of program broadcast rights, net |
ProgramBroadcastRightsNetCurrent
|
$7.46M | USD | Point-in-time |
| Current portion of program broadcast rights, net |
ProgramBroadcastRightsNetCurrent
|
$4.92M | USD | Point-in-time |
| Deferred tax asset |
DeferredTaxAssetsLiabilitiesNetCurrent
|
$12.55M | USD | Point-in-time |
| Deferred tax asset |
DeferredTaxAssetsLiabilitiesNetCurrent
|
$12.55M | USD | Point-in-time |
| Prepaid and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$2.83M | USD | Point-in-time |
| Prepaid and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$4.10M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$101.53M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$96.38M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$135.14M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$135.11M | USD | Point-in-time |
| Deferred loan costs, net |
DeferredFinanceCostsNoncurrentNet
|
$11.28M | USD | Point-in-time |
| Deferred loan costs, net |
DeferredFinanceCostsNoncurrentNet
|
$11.69M | USD | Point-in-time |
| Broadcast licenses |
IndefiniteLivedLicenseAgreements
|
$819.19M | USD | Point-in-time |
| Broadcast licenses |
IndefiniteLivedLicenseAgreements
|
$820.43M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$170.52M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$170.52M | USD | Point-in-time |
| Other intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$619.00K | USD | Point-in-time |
| Other intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$637.00K | USD | Point-in-time |
| Investment in broadcasting company |
CostMethodInvestments
|
$13.60M | USD | Point-in-time |
| Investment in broadcasting company |
CostMethodInvestments
|
$13.60M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$2.63M | USD | Point-in-time |
| Other |
OtherAssetsNoncurrent
|
$2.55M | USD | Point-in-time |
| Total assets |
Assets
|
$1.26B | USD | Point-in-time |
| Total assets |
Assets
|
$1.25B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.95M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$2.38M | USD | Point-in-time |
| Employee compensation and benefits |
EmployeeRelatedLiabilitiesCurrent
|
$9.84M | USD | Point-in-time |
| Employee compensation and benefits |
EmployeeRelatedLiabilitiesCurrent
|
$10.54M | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$10.21M | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$16.30M | USD | Point-in-time |
| Accrued network programming fees |
AccruedNetworkProgrammingFeesCurrent
|
$5.42M | USD | Point-in-time |
| Accrued network programming fees |
AccruedNetworkProgrammingFeesCurrent
|
$4.40M | USD | Point-in-time |
| Other accrued expenses |
OtherAccruedLiabilitiesCurrent
|
$5.16M | USD | Point-in-time |
| Other accrued expenses |
OtherAccruedLiabilitiesCurrent
|
$5.08M | USD | Point-in-time |
| Federal and state income taxes |
AccruedIncomeTaxesCurrent
|
$1.91M | USD | Point-in-time |
| Federal and state income taxes |
AccruedIncomeTaxesCurrent
|
$1.80M | USD | Point-in-time |
| Current portion of program broadcast obligations |
ProgramBroadcastObligationsCurrent
|
$9.65M | USD | Point-in-time |
| Current portion of program broadcast obligations |
ProgramBroadcastObligationsCurrent
|
$7.09M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$3.22M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$3.05M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$50.29M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$47.72M | USD | Point-in-time |
| Long-term debt, less current portion |
LongTermDebtNoncurrent
|
$832.87M | USD | Point-in-time |
| Long-term debt, less current portion |
LongTermDebtNoncurrent
|
$832.94M | USD | Point-in-time |
| Program broadcast obligations, less current portion |
ProgramBroadcastObligationsNoncurrent
|
$356.00K | USD | Point-in-time |
| Program broadcast obligations, less current portion |
ProgramBroadcastObligationsNoncurrent
|
$404.00K | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$184.44M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$186.08M | USD | Point-in-time |
| Long-term deferred revenue |
DeferredRevenueNoncurrent
|
$333.00K | USD | Point-in-time |
| Long-term deferred revenue |
DeferredRevenueNoncurrent
|
$450.00K | USD | Point-in-time |
| Accrued pension costs |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$39.69M | USD | Point-in-time |
| Accrued pension costs |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$39.05M | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$921.00K | USD | Point-in-time |
| Other |
OtherLiabilitiesNoncurrent
|
$972.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.11B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.11B | USD | Point-in-time |
| Commitments and contingencies (Note 6) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 6) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-269.29M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-268.42M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of income tax benefit |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-20.17M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of income tax benefit |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-20.17M | USD | Point-in-time |
| StockholdersEquityBeforeTreasuryStock |
StockholdersEquityBeforeTreasuryStock
|
$206.64M | USD | Point-in-time |
| StockholdersEquityBeforeTreasuryStock |
StockholdersEquityBeforeTreasuryStock
|
$207.70M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$143.94M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$145.00M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$1.26B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$1.25B | USD | Point-in-time |
Income Statement
41 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred stock dividends, accretion of issuance cost |
TemporaryEquityAccretionToRedemptionValueAdjustment
|
- | USD | 1 Quarter |
| Preferred stock dividends, accretion of issuance cost |
TemporaryEquityAccretionToRedemptionValueAdjustment
|
$77.00K | USD | 1 Quarter |
| Revenue (less agency commissions) |
SalesRevenueNet
|
$78.17M | USD | 1 Quarter |
| Revenue (less agency commissions) |
SalesRevenueNet
|
$80.67M | USD | 1 Quarter |
| Broadcast |
OperatingCostsAndExpenses
|
$50.77M | USD | 1 Quarter |
| Broadcast |
OperatingCostsAndExpenses
|
$53.49M | USD | 1 Quarter |
| Corporate and administrative |
GeneralAndAdministrativeExpense
|
$3.11M | USD | 1 Quarter |
| Corporate and administrative |
GeneralAndAdministrativeExpense
|
$3.82M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$5.89M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$5.80M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$19.00K | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$19.00K | USD | 1 Quarter |
| (Gain) loss on disposals of assets, net |
GainLossOnDispositionOfAssets
|
$28.00K | USD | 1 Quarter |
| (Gain) loss on disposals of assets, net |
GainLossOnDispositionOfAssets
|
$-65.00K | USD | 1 Quarter |
| Operating expenses |
OperatingExpenses
|
$63.11M | USD | 1 Quarter |
| Operating expenses |
OperatingExpenses
|
$59.85M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$20.82M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$15.06M | USD | 1 Quarter |
| Miscellaneous income, net |
OtherNonoperatingIncomeExpense
|
$2.00K | USD | 1 Quarter |
| Miscellaneous income, net |
OtherNonoperatingIncomeExpense
|
$1.00K | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$15.16M | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$12.54M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$5.66M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$2.52M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$2.29M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$1.65M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$3.37M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$870.00K | USD | 1 Quarter |
| Preferred stock dividends (includes accretion of issuance cost of $0 and $77, respectively) |
TemporaryEquityDividendsAdjustment
|
$1.18M | USD | 1 Quarter |
| Net income available to common stockholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$870.00K | USD | 1 Quarter |
| Net income available to common stockholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$2.19M | USD | 1 Quarter |
| Net income available to common stockholders (in Dollars per share) |
EarningsPerShareBasic
|
$0.02 | USD | 1 Quarter |
| Net income available to common stockholders (in Dollars per share) |
EarningsPerShareBasic
|
$0.04 | USD | 1 Quarter |
| Weighted average shares outstanding (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
57.52M | shares | 1 Quarter |
| Weighted average shares outstanding (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
57.15M | shares | 1 Quarter |
| Net income available to common stockholders (in Dollars per share) |
EarningsPerShareDiluted
|
$0.02 | USD | 1 Quarter |
| Net income available to common stockholders (in Dollars per share) |
EarningsPerShareDiluted
|
$0.04 | USD | 1 Quarter |
| Weighted average shares outstanding (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
57.70M | shares | 1 Quarter |
| Weighted average shares outstanding (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
57.15M | shares | 1 Quarter |
| Dividends declared per common share (in Dollars per share) |
CommonStockDividendsPerShareDeclared
|
- | USD | 1 Quarter |
| Dividends declared per common share (in Dollars per share) |
CommonStockDividendsPerShareDeclared
|
- | USD | 1 Quarter |
Cash Flow Statement
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$3.37M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$870.00K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$5.89M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$5.80M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$19.00K | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$19.00K | USD | 1 Quarter |
| Amortization of deferred loan costs |
AmortizationOfFinancingCosts
|
$411.00K | USD | 1 Quarter |
| Amortization of deferred loan costs |
AmortizationOfFinancingCosts
|
$753.00K | USD | 1 Quarter |
| Amortization of original issue discount related to long-term debt |
AmortizationOfDebtDiscountPremium
|
$69.00K | USD | 1 Quarter |
| Amortization of original issue discount related to long-term debt |
AmortizationOfDebtDiscountPremium
|
$338.00K | USD | 1 Quarter |
| Amortization of restricted stock and stock option awards |
ShareBasedCompensation
|
$14.00K | USD | 1 Quarter |
| Amortization of restricted stock and stock option awards |
ShareBasedCompensation
|
$136.00K | USD | 1 Quarter |
| Amortization of program broadcast rights |
AmortizationOfProgramBroadcastRights
|
$2.76M | USD | 1 Quarter |
| Amortization of program broadcast rights |
AmortizationOfProgramBroadcastRights
|
$2.84M | USD | 1 Quarter |
| Payments on program broadcast obligations |
PaymentsOnProgramBroadcastObligations
|
$2.79M | USD | 1 Quarter |
| Payments on program broadcast obligations |
PaymentsOnProgramBroadcastObligations
|
$2.85M | USD | 1 Quarter |
| Common stock contributed to 401(k) plan |
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
$7.00K | USD | 1 Quarter |
| Common stock contributed to 401(k) plan |
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
$7.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$2.29M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$1.64M | USD | 1 Quarter |
| Loss (gain) on disposals of assets, net |
GainLossOnDispositionOfAssets
|
$28.00K | USD | 1 Quarter |
| Loss (gain) on disposals of assets, net |
GainLossOnDispositionOfAssets
|
$-65.00K | USD | 1 Quarter |
| Other |
OtherNoncashIncomeExpense
|
$-627.00K | USD | 1 Quarter |
| Other |
OtherNoncashIncomeExpense
|
$-426.00K | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInReceivables
|
$-3.50M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInReceivables
|
$-4.32M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$2.00M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$1.14M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-206.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-378.00K | USD | 1 Quarter |
| Other current liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$2.07M | USD | 1 Quarter |
| Other current liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$148.00K | USD | 1 Quarter |
| Accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$9.48M | USD | 1 Quarter |
| Accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$6.09M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$27.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$17.55M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$6.46M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$6.84M | USD | 1 Quarter |
| Purchase of broadcast licenses |
PaymentsToAcquireIntangibleAssets
|
$1.25M | USD | 1 Quarter |
| Proceeds from asset sales |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$30.00K | USD | 1 Quarter |
| Proceeds from asset sales |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$24.00K | USD | 1 Quarter |
| Other |
PaymentsForProceedsFromOtherInvestingActivities
|
$54.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-7.68M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-6.87M | USD | 1 Quarter |
| Repayments of borrowings on long-term debt |
RepaymentsOfLongTermDebt
|
$10.21M | USD | 1 Quarter |
| Proceeds from issuance of Common Stock |
ProceedsFromIssuanceOfCommonStock
|
$47.00K | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$47.00K | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-10.21M | USD | 1 Quarter |
| Net increase in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$9.92M | USD | 1 Quarter |
| Net increase in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$9.92M | USD | 1 Quarter |
| Cash at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$11.07M | USD | Point-in-time |
| Cash at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$15.11M | USD | Point-in-time |
| Cash at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$20.99M | USD | Point-in-time |
| Cash at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.19M | USD | Point-in-time |
| Cash at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$11.07M | USD | Point-in-time |
| Cash at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$15.11M | USD | Point-in-time |
| Cash at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$20.99M | USD | Point-in-time |
| Cash at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.19M | USD | Point-in-time |
Stockholders Equity
11 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$143.94M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$145.00M | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$3.37M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$870.00K | USD | 1 Quarter |
| 401(k) plan |
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
$7.00K | USD | 1 Quarter |
| 401(k) plan |
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
$7.00K | USD | 1 Quarter |
| 2007 Long Term Incentive Plan - option exercises |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$47.00K | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$14.00K | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$136.00K | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$143.94M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$145.00M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.